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South African diamond billionaire planning Newcastle takeover

Newcastle United could fall into South African hands.

The Sunday Express says a South African diamond billionaire introduced by former Newcastle United chairman Sir John Hall could be set to lift the Toon's gloom.

Hall, who along with Freddy Shepherd sold out to Mike Ashley two years ago, is frustrated by the club's relegation from the Premier League and Ashley's failure to off-load it.

It's believed the diamond prospector has expressed an interest in meeting Ashley's asking price - and that substantial cash would be available for new players.

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